Viatris said on September 4, 2024 that it and its subsidiaries Mylan Inc. and Utah Acquisition Sub Inc. commenced cash tender offers for any and all of the 1.650% Senior Notes due 2025 and 2.125% Senior Notes due 2025, and up to $450,000,000 aggregate principal amount of the 3.950% Senior Notes due 2026.

8-KRegulation FD DisclosureFiled Sep 4, 2024Period of report Sep 4, 2024Summary published (UTC) Oct 29, 2026

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Viatris said on September 4, 2024 that it and its subsidiaries Mylan Inc. and Utah Acquisition Sub Inc. commenced cash tender offers for any and all of the 1.650% Senior Notes due 2025 and 2.125% Senior Notes due 2025, and up to $450,000,000 aggregate principal amount of the 3.950% Senior Notes due 2026.
The company said the outstanding principal amount of the target securities is $750,000,000 for the Viatris Notes (maturing June 22, 2025), €500,000,000 for the Mylan Notes (maturing May 23, 2025), and $2,250,000,000 for the 3.950% Senior Notes due 2026 (maturing June 15, 2026).
The company said the any and all tender offers will expire on September 10, 2024, and the Maximum Tender Offer will expire at 5 p.m. New York City time on October 2, with the Early Tender Date set as September 17. It said the expected settlement dates are September 16, September 20 and October 7.
The company set a maximum tender cap of $450,000,000 for the 3.950% Senior Notes due 2026 and offered an Early Tender Payment of $1,000 per $30 principal amount. It said that if less than all of the Viatris and Mylan notes are tendered, it currently intends, but is not obligated, to satisfy and discharge the Viatris Notes indenture and redeem any remaining Mylan Notes.

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Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Viatris Launches Cash Tender Offers for 2025 Senior Notes

Viatris said on September 4, 2024 that it and its subsidiaries Mylan Inc. and Utah Acquisition Sub Inc. commenced cash tender offers for any and all of the 1.650% Senior Notes due 2025 and 2.125% Senior Notes due 2025, and up to $450,000,000 aggregate principal amount of the 3.950% Senior Notes due 2026.

Source · Based on the filing body and exhibits

Outstanding Principal and Maturity of Tender Offer Notes by Series

The company said the outstanding principal amount of the target securities is $750,000,000 for the Viatris Notes (maturing June 22, 2025), €500,000,000 for the Mylan Notes (maturing May 23, 2025), and $2,250,000,000 for the 3.950% Senior Notes due 2026 (maturing June 15, 2026).

Source · Based on the filing body and exhibits

Tender Offer Expiration, Early Tender and Expected Settlement Dates

The company said the any and all tender offers will expire on September 10, 2024, and the Maximum Tender Offer will expire at 5 p.m. New York City time on October 2, with the Early Tender Date set as September 17. It said the expected settlement dates are September 16, September 20 and October 7.

Source · Based on the filing body and exhibits

Maximum Tender Offer Terms and Intentions for Remaining Notes

The company set a maximum tender cap of $450,000,000 for the 3.950% Senior Notes due 2026 and offered an Early Tender Payment of $1,000 per $30 principal amount. It said that if less than all of the Viatris and Mylan notes are tendered, it currently intends, but is not obligated, to satisfy and discharge the Viatris Notes indenture and redeem any remaining Mylan Notes.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

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